Model Validation Senior Specialist (f/m/x)
at Deutsche Bank
Berlin, Berlin, Germany -
Start Date | Expiry Date | Salary | Posted On | Experience | Skills | Telecommute | Sponsor Visa |
---|---|---|---|---|---|---|---|
Immediate | 24 Jun, 2024 | Not Specified | 24 Mar, 2024 | 7 year(s) or above | Python,Probability,Stochastic Calculus,Latex | No | No |
Required Visa Status:
Citizen | GC |
US Citizen | Student Visa |
H1B | CPT |
OPT | H4 Spouse of H1B |
GC Green Card |
Employment Type:
Full Time | Part Time |
Permanent | Independent - 1099 |
Contract – W2 | C2H Independent |
C2H W2 | Contract – Corp 2 Corp |
Contract to Hire – Corp 2 Corp |
Description:
POSITION OVERVIEW
* please submit your CV in English *
YOUR SKILLS AND EXPERIENCES
- MSc in a mathematical subject
- Solid foundations in analysis, probability
- You are rigorous, deep, precise, disciplined, independent, and persistent
- Experience in Python, familiarity with LaTeX, SVN
- You have an advantage if you know stochastic calculus
Responsibilities:
DETAILS OF THE ROLE AND HOW IT FITS INTO THE TEAM
The role is to independently review, test and approve pricing models for credit and securitization products and other related models, all according to internal standards consistent with the SR11-07 regulatory guidance. The team is part of the Model Risk Management division of the Risk department of Deutsche Bank.
DB has a strong commitment to promote gender equality at all levels of leadership.
YOUR KEY RESPONSIBILITIES
- Receive formal requests from Front Office and Model Developers to approve pricing models for credit and securitization products, and related reserve and valuation adjustment models.
- Mathematically review models and their suitability for products, conduct independent testing, challenge FO and model developers where necessary before conferring approval, and document testing results and outcomes of conceptual and mathematical review in a Model Validation Report reviewed by regulators.
- Manage model risk on an ongoing basis by assessing the model developer documentation, model assumptions and model limitations, model changes, imposing conditions for use, raising validation findings etc.
- Pro-actively engage stakeholders to successfully bring validation projects to completion to agreed deadlines and in line with requirements.
- Increase the degree of automation of documentation generation and testing by contributing to the development of an internal Python library.
REQUIREMENT SUMMARY
Min:7.0Max:11.0 year(s)
Financial Services
Finance
Graduate
Proficient
1
Berlin, Germany